Investment firm Blackstone Group Inc said on Monday it would take data center operator QTS Realty Trust Inc private in an all-cash deal worth about US$10 billion.
Blackstone Funds, the buyout firm's infrastructure unit along with its non-traded real-estate income trust and other long-term perpetual capital vehicles, will pay US$78 per share, which represents a premium of about 21per cent to QTS' closing price on Friday.The equity value of the deal stands at US$5.37 billion, according to Reuters calculations, based on 68.9 million outstanding shares, as of April 29.
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